Trade Setup Overview
Risk-Reward Ratio: 1:2
Entry Zone: Confirmed resistance at the round number 122.00
Price Action: Price is retracing back into the order flow channel, aiming toward the Point of Control (POC)
Context & Confluences:
✅ Trend Direction: Overall trend is up
✅ Channel Breakout Attempt: Price attempted to break out of the channel, failed, and re-entered with aggressive buyers stepping in
✅ FVG (Fair Value Gap): Identified on the 1-minute timeframe, aligning with the area of aggressive buying
✅ Confirmation via Bookmap: Buyer activity confirmed on Bookmap at the identified FVG zone
✅ Key Level: Strong round number (122.00) adds further confluence
✅ Rule-Based Trade: All trade entry rules and confirmations are met
Caution:
The only concern is timing — this setup occurred over the weekend, outside of the active New York session. However, given that the market just reached a new all-time high (ATH), there is a strong likelihood of volatility resuming in the next session.
Conclusion:
This trade meets all criteria and is backed by technical confluence, order flow confirmation, and alignment with market structure. Despite the timing concern, it's a high-probability setup worth considering.
Risk-Reward Ratio: 1:2
Entry Zone: Confirmed resistance at the round number 122.00
Price Action: Price is retracing back into the order flow channel, aiming toward the Point of Control (POC)
Context & Confluences:
✅ Trend Direction: Overall trend is up
✅ Channel Breakout Attempt: Price attempted to break out of the channel, failed, and re-entered with aggressive buyers stepping in
✅ FVG (Fair Value Gap): Identified on the 1-minute timeframe, aligning with the area of aggressive buying
✅ Confirmation via Bookmap: Buyer activity confirmed on Bookmap at the identified FVG zone
✅ Key Level: Strong round number (122.00) adds further confluence
✅ Rule-Based Trade: All trade entry rules and confirmations are met
Caution:
The only concern is timing — this setup occurred over the weekend, outside of the active New York session. However, given that the market just reached a new all-time high (ATH), there is a strong likelihood of volatility resuming in the next session.
Conclusion:
This trade meets all criteria and is backed by technical confluence, order flow confirmation, and alignment with market structure. Despite the timing concern, it's a high-probability setup worth considering.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.